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Niraj Cement lists down 1% on BSE

Niraj Cement lists down 1% on BSE
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First Published: Thu, Jun 19 2008. 10 16 AM IST
Updated: Thu, Jun 19 2008. 10 16 AM IST
Reuters
Mumbai: Shares in engineering and construction firm Niraj Cement Structurals Ltd listed at Rs188.05, down 1% from its issue price of Rs190 a share, on the BSE on 19 June.
Its shares were trading at Rs183 on the BSE at 9.56 a.m. after falling to a low of Rs169.70.
The company, which is focussed on road development, raised Rs617.5 million through a initial public offering of 3.25 million shares.
The funds raised will be invested in capital equipment and funding long term working capital requirements.
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First Published: Thu, Jun 19 2008. 10 16 AM IST
More Topics: Niraj Cement | Listing | IPO | BSE | Money Matters |